- The U.S. unemployment rate inched slightly upward in October to 3.6%, just one-tenth of a percentage point higher than the 50-year low reported last month, according to the U.S. Bureau of Labor Statistics (BLS).
- The “food services and drinking places” sector led all job categories in growth during October, with 48,000 positions added. Employment in the sector is on an upward trend going into the holiday season, averaging 38,000 jobs per month over the past three months, per BLS.
- Two other sectors — healthcare and professional and business services — saw continued growth after leading September’s jobs numbers. The manufacturing sector lost 36,000 positions last month, marking the first time in 2019 that…
Credit to Ryan Golden for the original post.